Industry Reports in Sensors & Controls

The optical sensors market was valued at around USD 316 million in 2015 and is anticipated to grow at an approximate CAGR of 8% from 2016 to 2024. The growth in the optical sensors market is driven by the increasing advancement in mobile technology.

The global machine condition monitoring market is expected to be valued at USD 1.56 Billion in 2016 and it is anticipated to grow at an approximate CAGR of over 8% over the forecast period 2016 to 2024.

Global temperature transmitters market is expected to witness substantial growth over the forecast period on account of increasing automation process industries for optimization of the resources, and improving the cost, security and safety.

Electronic design automation is the arrangement of programming instruments which are utilized to outline complex electronic framework circuits. Prior K-Maps system was utilized to plan stream of electronic circuits.

An accelerometer is atype of sensor that measures force due to acceleration of the sensor. A piezoelectric accelerometer utilizes the piezoelectric effect of certain materials to measure dynamic changes in mechanical variables, such as mechanical shock, vibration and acceleration. Piezoelectric accelerometers convert one form of energy into another and provide an electrical signal in response to the condition, property or quantity.

As per latest market research studies, the global Automotive Electronics Control Unit Market is projected to reach USD 53.91 billion by 2024 growing at a CAGR of 6.7% from 2016 to 2024. This industry stood at USD 35.1 billion in 2016.

Global fire safety equipment market was valued at USD 22.4 billion in 2014 and is expected to reach over USD 44 billion by 2024. Government guidelines persuading use of fire safety devices are projected to boost the demand over the forecast period.

Magnetic sensors are majorly used in security purposes. These sensors include contacts and switches. Based on the magnetic field, magnetic sensors identify the location of an object. This magnetic field is made up by a permanent magnet or by the magnet outfitted in the sensors.

Growing concern about reducing accidents as well as safety precautions, the collision sensor market is going to witness the significant growth Owing to the high inclination towards the development in the field of camera, LiDAR, radar & ultrasound technology, the collision avoidance sensors market is going to witness the growth over the forecast period.

Temperature is one of the most monitored parameters in a system, and plays a major role in hazardous or critical applications. Temperature sensing has been gaining importance, particularly in R&D and industrial settings, giving rise to high demand for temperature sensors. Companies operating in the market have been investing heavily in research and development activities in order to develop and enhance temperature sensor functionality. Increasing adoption of HVAC modules is expected to favorably impact the global industry.

Flow sensors are used to measure the flow rate of a liquid or gas, and are used in equipment such as flow meters. Flow meters are instruments used for measuring the volumetric, linear, or non-linear flow rate of a liquid or gas. Oil and gas exploration activities, coupled with growing focus on renewable energy development are expected to be the key market driver over the forecast period. Energy efficiency has been witnessing growing emphasis since the past few years. Numerous initiatives have been undertaken to promote and ensure energy efficiency across the globe.

Pressure sensors are used in many industries, and the use of microelectromechanical systems (MEMS) technology in pressure sensors is expected to further widen the application scope. This can be attributed to the benefits offered by MEMS, including reduced cost and power consumption, as well as high performance and miniaturization. Pressure sensors have to be used in Tire Pressure Monitoring Systems (TPMS) which was made mandatory by the U.S.

Level sensors help in the measurement of the level of solids, liquids, oil, powders, granules and slurry, etc. The output of continuous level sensors is a continuous reading of the level, since the level is measured within a specific range. Counterparts such as point level sensors detect a specific level, and are thus used as switches or alarms. Used in applications including industrial, construction, petrochemicals, manufacturing, and food and beverages among others, level sensors have been becoming compact in nature to meet form factor requirements.

Image sensors comprise of pixels and picture elements. The amount of light falling on them is registered and converted into equivalent number of electrons. These are later on converted into voltage and altered utilizing an analog to digital (A/D) converter. As image sensors find application in digital cameras, they are anticipated to show higher demand over the forecast period. Increasing need for electronic gadgets such as smartphones that are integrated with image sensors is anticipated to drive the market growth globally. Moreover, rapid increase in number of professional cameras such as DSLRs, mirror-less transposable lens cameras is expected to positively influence the market over the upcoming five years. Image sensors can be categorized into Complementary Metal Oxide Semiconductor (CMOS) image sensors and Charge Coupled Device (CCD).

Parking sensors are used in automobiles which assist the drivers to park the vehicle safely. The developments in the automobile industry is not only restricted to the improvements in the engine and car design, but they are extended to passenger and pedestrians safety.

Combination of sensor technology with consumer goods owing to technological advancements is expected to majorly drive the market growth over the forecast period. In addition to that, increasing demand of consumer electronic goods is going to impact the market growth positively. Growing awareness to invest in research and development to withstand the competition is going to be one of the prominent market drivers.